6 ATTAINED INVESTMENT-GRADE ‘BBB’ RATING WITH ‘STABLE’ OUTLOOK FROM FITCH RATINGS TOTAL DPU 21.914 CENTS +3.4% Y-O-Y CORE3 DPU 21.440 CENTS +7.6% Y-O-Y COMPRISING 98% OF TOTAL DPU GROSS REVENUE S$446.0 MILLION +20.4% Y-O-Y COST OF DEBT REDUCED 3.35% PER ANNUM (31 DEC 2024: 3.84%) GEARING 43.4% WITH INITIATIVES TO TARGET MID-30% TO LOW-40% NET PROPERTY INCOME S$328.7 MILLION +25.6% Y-O-Y DEBT HEADROOM AVAILABLE S$701.4 MILLION4 3 Refers to distributable income from underlying operations and excludes distribution of other gains. 4 Assuming gearing limit of 50%. From 28 November 2024, the Monetary Authority of Singapore issued revisions to the Code on Collective Investment Schemes to rationalise leverage requirements for the REIT sector and a minimum MAS interest coverage ratio (ICR) of 1.5 times with a single aggregate leverage limit of 50% will be applied to all REITs.
RkJQdWJsaXNoZXIy NTM2MDQ5